ALMAR.PA WACC - Weighted Average Cost of Capital
The WACC of Mare Nostrum SA (ALMAR.PA) is 5.0%.
| Range | Selected | |
| Cost of equity | 6.7% - 10.5% | 8.6% |
| Tax rate | 13.0% - 18.8% | 15.9% |
| Cost of debt | 5.0% - 5.0% | 5% |
| WACC | 4.8% - 5.3% | 5.0% |
| Category | Low | High |
| Long-term bond rate | 3.0% | 3.5% |
| Equity market risk premium | 5.8% | 6.8% |
| Adjusted beta | 0.63 | 0.95 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.7% | 10.5% |
| Tax rate | 13.0% | 18.8% |
| Debt/Equity ratio | 4.31 | 4.31 |
| Cost of debt | 5.0% | 5.0% |
| After-tax WACC | 4.8% | 5.3% |
| Selected WACC | 5.0% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| ALMAR.PA | Mare Nostrum SA | 4.31 | 0.49 | 0.11 |
| ALDLS.PA | Dlsi SA | 0.45 | 0.12 | 0.09 |
| ALFRE.PA | Freelance.com SA | 1.07 | 0.69 | 0.36 |
| ALK.MI | Alkemy SpA | 0.38 | 0.07 | 0.05 |
| BTS B.ST | BTS Group AB | 0.13 | 0.56 | 0.5 |
| DOV1V.HE | Dovre Group Oyj | 0.55 | -0.12 | -0.08 |
| ESENSE.HE | Enersense International Oyj | 1.06 | 0.61 | 0.32 |
| KGH.L | Knights Group Holdings PLC | 0.49 | 0.04 | 0.03 |
| WISE.ST | Wise Group AB | 0.49 | 0.49 | 0.35 |
| ZAL.OL | Zalaris ASA | 0.32 | 0.16 | 0.12 |
| Low | High | |
| Unlevered beta | 0.1 | 0.2 |
| Relevered beta | 0.45 | 0.93 |
| Adjusted relevered beta | 0.63 | 0.95 |
ALMAR.PA's CAPM model and how its cost of Equity is calculated
The Cost of Equity reflects the return a company needs to deliver to shareholders to justify the risk of investing in its shares. It’s computed using the Capital Asset Pricing Model (CAPM), which blends the risk-free rate, the stock’s beta, and the market risk premium.
This method evaluates the stock’s risk compared to a safe investment and the market’s overall volatility.
Here’s how we figure out the cost of equity for ALMAR.PA:
cost_of_equity (8.60%) = risk_free_rate (3.25%) + equity_risk_premium (6.30%) * adjusted_beta (0.63) + risk_adjustments (0.25%)
We include the risk adjustments, which range from 0% to 1%, to keep our WACC conservatives, especially for companies traded in developing markets.